CORONA, CALIF. – Atkinson/Walsh has signed a lease for 50,000 square feet at a Coronaoffice building. The lease is valued at about $3.2 million. The building is located at 2455 Anselmo Drive. The design-builder joint venture will occupy two-thirds of the space. The company recently secured a contract with the Riverside County Transportation Commission (RCTC) for the SR-91 Corridor Improvement Project. The contract is valued at $632 million. The RCTC also plans to occupy a portion of the building during its collaboration with Atkinson/Walsh. The tenant was represented by Randy Parker and Steve Card of Travers Realty. The 75,000-square-foot office building was recently purchased by Bixby Land Company for an undisclosed sum. Bixby represented itself in the lease transaction.
HONOLULU– The 399-room Courtyard by Marriott Waikiki Beach in Honolulu has sold to RLJ Lodging Trust for $75.3 million. The company acquired the long-term leasehold interest in this property through cash it had available on its balance sheet.
ASPEN, COLO. — The St. Regis Aspen Resort, a 179-room, five-star Aspen resort, has received $75 million in financing. This resort is the only internationally branded luxury hotel in Aspen. It is located at 315 East Dean Street. The St. Regis recently underwent a $46-million renovation. The floating-rate loan was secured by Mathew Comfort, Mike Huth and Jeff Davis of Jones Lang LaSalle’s Hotels & Hospitality Group and provided by an overseas bank. The hotel is managed by Starwood Hotels & Resorts, though OptAsia Capital is the asset manager and owner’s representative.
TEMPE, ARIZ. – A 118,355-square-foot office property in Tempe has sold to ViaWest Group for $3 million. It is located at 8375 River Parkway in ASU Research Park. The property is fully occupied by NXP Semiconductors and Wells Fargo. ViaWest plans to renovate the building once current leases expire. The seller, Blue Vista Capital Partners, was represented by Mark Detmer and Bo Mills of Jones Lang LaSalleand Don Rodie of Cushman & Wakefield.
POWAY, CALIF. – Jinx has leased 32,500 square feet at Poway Tech Center. The building is located at 13465 Gregg Street in Poway. The Internet-based clothing and accessories company will occupy the building around September. The transaction was executed by Brian Mulvaney and Matthew Bean of Voit Real Estate Services’ San Diego office.
ELLISVILLE, MISS. — Pure Development has completed construction for a $56 million manufacturing plant for GE Aviation in Ellisville. The 340,000-square-foot facility manufactures advanced composite components for aircraft engines and systems. GE Aviation will employ 250 people at the plant by 2017. It marks the second project Pure Development has completed for GE Aviation in Mississippi. Pure developed another facility in Batesville that opened in 2008.
JESSUP, HALETHORPE AND COLUMBIA, MD. — CB Richard Ellis (CBRE) has arranged the sale of a 705,379-square-foot industrial portfolio in the I-95 corridor between Baltimore and Washington, D.C. The portfolio contains three Maryland properties situated at 8210 Wellmoor Court in Jessup, 4615 Hollins Ferry Road in Halethorpe and 9325 Snowden River Pkwy. in Columbia. The portfolio was 95 percent leased at the time of closing. The CBRE team of Jonathan Beard, Bo Cashman and John Boote represented the undisclosed seller. The buyer was MIM-Hayden Real Estate Funds.
SILVER SPRING, MD. — MAC Realty Advisors has arranged a development joint venture for the redevelopment of the First Baptist Church located at 8415 Fenton St. in Silver Spring. Lead developer Grosvenor Americas is partnering with Lakritz Adler Real Estate Investments to replace the existing church with a more efficient building. The joint venture will also build a 259-unit apartment building with 19,000 square feet of street-level retail space and a two-story parking garage. The construction timetable was not released.
KNOXVILLE, TENN. — Marcus & Millichap has completed the sale of a medical office building in Knoxville net-leased to dialysis provider Fresenius Medical Care for $2.49 million. The 10,440-square-foot building was constructed in 2001 and is located at 1740 Western Ave. Tim Giambrone of Marcus & Millichap’s Atlanta office represented the seller, a Tennessee-based limited liability company, and procured the buyer, a California-based private investor.
TARBORO, N.C. — Berkeley Capital Advisors has brokered the sale of River Oaks Shopping Center in Tarboro. The property totals 32,800 square feet. Its tenants include Dollar Tree, Shoe Show and Radio Shack. Walmart shadow anchors the center. The Berkeley team of Rob Carter, Alex Quarrier and David Webb arranged the deal between the two undisclosed parties.